Edelweiss Mutual Fund has sought approval from the Securities and Exchange Board of India’s (SEBI), to launch Edelweiss Small Cap Fund.

It is an open-ended scheme investing in small-cap stocks. It will invest at least 65% of its fund in equity and equity-related instruments of small cap companies, while up to 35% will be invested in companies other than small cap companies. Moreover, it also has the provision to invest up to 35% of its assets in debt and money market instruments.

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